First Oklahoma Federal Credit Union

What First Oklahoma Federal Credit Union does

First Oklahoma Federal Credit Union is a federally chartered, member-owned cooperative founded on September 10, 1923 in Tulsa, Oklahoma, originally as the Tulsa Postal Employees Credit Union. It is Oklahoma's oldest and longest-running credit union, serving individual members across seven northeastern Oklahoma counties (Creek, Osage, Okmulgee, Pawnee, Rogers, Tulsa, and Wagoner) through five physical branches anchored by a new tech-forward headquarters in Glenpool that opened in October 2023. Membership eligibility requires living or working in the Tulsa area, and the institution operates on a not-for-profit basis, returning surplus to members through lower loan rates, higher savings dividends, and reduced fees.

The product portfolio spans deposit products (Share Draft checking, Rewards+ Checking earning 3.00% APY on balances up to $25,000, Money Market up to 3.00% APY, Share Savings, CD/IRA Certificates, and a Super Hero Savers Kids Club), lending products (auto loans, auto refinance, signature loans, home equity, boat loans, RV loans, mortgages, share-secured loans, and mobile home loans), and a Visa Platinum Rewards credit card with no annual fee. Technology delivery comprises a native iOS/Android mobile app with biometric authentication and mobile deposit, online banking, Interactive Teller Machines (ITMs) providing live video teller support across all branches, and digital wallet support (Apple Pay, Google Pay, Samsung Pay). Distribution is augmented by the Co-op shared branching network, granting members access to approximately 30,000 ATMs and 5,000+ branches nationwide.

Revenue mechanics are typical of community credit unions: primary income is net interest margin on the loan portfolio (auto, mortgage, home equity, consumer, RV, boat), supplemented by fee income (overdraft, wire, ATM) and interchange income from the Visa Platinum credit card. The go-to-market model is direct-to-consumer via branches, digital channels, and community engagement, with no external parent or institutional ownership. In November 2025 the institution announced a merger with Green Country Federal Credit Union, pending member vote in January 2026 and expected legal close in April 2026; Green Country FCU will be the continuing entity, adding small business, commercial, mortgage, and CDFI program capabilities to the combined platform.

Name

First Oklahoma Federal Credit Union

Legal name

First Oklahoma Federal Credit Union

Website

https://firstokfcu.org

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

11–50 employees

Short description

First Oklahoma Federal Credit Union is a federally chartered, member-owned cooperative founded in 1923 that provides consumer banking, lending, and digital services to residents of seven northeastern Oklahoma counties through five branches and a Co-op shared branching network.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Virtual / Digital-First Credit Cards (FSAKABAK), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Credit union services
• Consumer banking
• Loan products
• Savings accounts
• Mortgage lending

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on loans including auto loans, mortgages, home equity loans, personal loans, credit cards, boat loans, RV loans, and other lending products.
2. Fee Income: Various fees including overdraft fees, courtesy pay, ATM fees, wire transfer fees, and other service charges.
3. Credit Card Revenue: Interchange fees and interest income from Visa Platinum credit card products.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

First Oklahoma Federal Credit Union is a not-for-profit, member-owned cooperative financial institution that provides consumer banking and lending products to qualifying members in northeastern Oklahoma. Its offerings span deposit accounts (checking, savings, money market, CDs/IRAs, and a youth savings club), consumer loans (auto, signature, home equity, boat, RV, mortgage, share-secured, and mobile home), and a Visa Platinum credit card, delivered through five branch locations, a mobile app, online banking, and the nationwide Co-op shared branching network.

Product overview

First Oklahoma Federal Credit Union operates as a single unified banking platform offering a comprehensive suite of financial products and services to members in northeastern Oklahoma. The portfolio includes multiple checking account options (Share Draft, Rewards+ Checking earning up to 3.00% APY, and Money Market), savings products (Share Savings, CD/IRA Certificates, and Super Hero Savers Kids Club), and diverse lending products (Auto Loans, Auto Refinance, Signature Loans, Home Equity Loans, Boat Loans, Recreational Vehicles, Mortgages, and Share Secured Loans). The Visa Platinum Rewards Credit Card provides a low-rate, fee-free alternative to traditional credit cards. Digital banking is delivered through a Mobile App (iOS/Android) and Online Banking platform, supplemented by E-Statements. Members also access a nationwide Co-op Branch network for in-person banking and the Scorecard Rewards program for credit card earnings. Founded in 1923 as Tulsa Postal Employees Credit Union, the credit union celebrated its 100th anniversary in 2023 with the opening of a tech-forward headquarters featuring Interactive Teller Machines.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Draft (Checking) Accounts Basic checking account with direct deposit, overdraft protection from shares or personal line of credit, and share draft (check) issuance for individual members. Minimum $50 to open.
• Rewards+ Checking Premium checking account earning 3.00% APY on balances over $500 up to $25,000, with 1% APY on funds after $25,000, 10 free ATM withdrawals per month, free cashier's checks, free outgoing wires, and free courtesy pay. Requires enrollment in online banking, direct deposit, and debit card usage.
• Money Market Accounts Savings account earning up to 3.00% APY with flexible access to funds. Federally insured, offers higher interest rates than standard savings with daily interest calculation and monthly compounding. Limited to 6 monthly withdrawals.
• Share (Savings) Accounts Basic savings account requiring $5 minimum deposit to become a member of the credit union. Earns competitive dividends posted quarterly. Includes optional Christmas Club accounts for holiday savings with one withdrawal per year.
• CD and IRA Certificates Certificate of deposit accounts with terms ranging from 6 to 60 months. Current rates up to 2.250% APY. $500 minimum balance for members 18+, $250 for those under 18.
• Super Hero Savers Kids Club Children's savings account program featuring superhero mascots (Max Money, Sally Save, Kenny Credit, Penny Pincher) to teach financial literacy. Earns 1% interest, offers quarterly newsletters, birthday surprises, and quarterly prize drawings. $5 to open with no minimum balance, no age restrictions.
• Auto Loans Vehicle financing for new and used cars and trucks. Offers pre-approval with rate locked for 30 days, competitive rates, and in-dealership processing through First Oklahoma FCU.
• Automotive Refinance Auto loan refinancing service offering lower monthly payments by securing better APR. Claims 1-3% lower rates than traditional lenders. No prepayment penalties on refinanced loans.
• Signature Loans Unsecured personal loans requiring only a signature and good faith promise to repay. Used for debt consolidation, medical bills, home improvement, auto/home repairs, and business expenses. Approvals typically within one business day with no prepayment fees.
• Home Equity Loans Second mortgage loans allowing homeowners to borrow against home equity at fixed rates. Used for home improvements, debt consolidation, investment properties, and emergencies. Not offered for third liens.
• Boat Loans Financing for boats including fishing boats, pontoons, cabin cruisers, and personal watercraft. Finances up to $30,000 at 100% retail value with repayment terms up to 84 months. Decision within one business day.
• Recreational Vehicles Financing for RVs, motorhomes, campers, ATVs, UTVs, dirt bikes, toy haulers, and trailers. APRs starting at 8.24% with online loan processing and pre-approval in approximately one business day.
• Mortgages Home mortgage and refinance products including conventional mortgages, first-time homebuyer loans (FHA, VA), construction loans, and cash-out refinancing. Features mortgage calculator and guidance through the refinancing process.
• Share Secured Loans Loans secured by existing savings or certificate accounts. Guaranteed approval without income verification. Account continues to earn dividends while funds are held as collateral. Reduced interest rates compared to unsecured loans.
• Visa Platinum Rewards Credit Card Low-rate credit card with no annual fee, no cash advance fee, no transaction fees, and no balance transfer fees. Features 1% cashback on balance transfers, free TransUnion credit score, Verified by Visa fraud protection, Apple Pay/Google Pay support, and ScoreCard Rewards points.
• Mobile Banking App Digital banking platform available for iOS and Android providing 24/7 account access including balance viewing, mobile deposit, fund transfers, bill pay, notifications, biometric login, card management, and branch/ATM location finder.
• Online Banking Web-based banking platform enabling account balance checking, history inquiry, fund transfers between accounts, check tracking, and check reordering for members.
• Interactive Teller Machines (ITMs) ITMs allow customers to talk with live tellers through live video to make banking simpler. First Oklahoma FCU is the only financial institution in Tulsa and Creek counties to match the ITM user's experience with what tellers see.

Quantifiable outcome

• CD rates up to 2.250% APY
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Green Country Federal Credit UnioncoreStrategic or Co-development Partner · 18 November 2025Merger partnership combining two member-focused credit unions. Approved by NCUA, pending member vote in January 2026. Expected legal merger April 2026. Will expand services, strengthen technology, and enhance community impact across northeastern Oklahoma. Green Country FCU will be the continuing credit union with access to CDFI programs.
• CO-OP Credit UnionscoreTechnology or IntegrationShared branching network partnership providing members access to nearly 30,000 ATMs and 5,000+ branches nationwide. Includes live assistance from CO-OP branches and mobile app integration for branch/ATM locating.
• Insurance Companies (Joint Marketing Partners)minorGTM or Marketing PartnerJoint marketing partners for insurance products as disclosed in privacy policy.
• Waypoint Advisory ServicesminorOthersNeutral third-party auditor used to securely collect and tally all merger ballots. Mailing address in Texas for ballot submissions.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Communication Federal Credit Union: Oklahoma-based federal credit union serving telecommunications and broader community members with similar deposit and lending products. Direct peer given shared federal credit union charter, member-owned structure, and overlapping Oklahoma footprint.
• Tinker Federal Credit Union: One of the largest credit unions in Oklahoma with branches across the OKC metro and statewide presence. Direct peer in terms of cooperative structure, full-service retail banking, lending products, and overlapping Oklahoma member base.
• Green Country Federal Credit Union: The credit union merging with First Oklahoma in 2026. Most direct peer given pending merger relationship, identical cooperative model, similar product offerings, and complementary northeastern Oklahoma geographic footprint.
• OECU (Oklahoma's Credit Union): Oklahoma community credit union offering full-service retail banking and lending. Direct peer in cooperative structure, product breadth, and Oklahoma market overlap.
• TTCU Federal Credit Union: Largest Tulsa-based credit union, serving members across Oklahoma with checking, savings, lending, and digital banking. Direct peer given overlapping product suite, geographic overlap in the Tulsa metro, and similar member-owned cooperative model.

Broad incumbents

• Arvest Bank: Regional community bank with strong presence in Oklahoma, Arkansas, and Missouri offering full retail and commercial banking. Broad incumbent competing for the same Tulsa consumer and small business relationships.
• MidFirst Bank: Oklahoma-headquartered bank and the largest privately held bank in the US, offering retail, mortgage, and commercial services. Broad incumbent with significant overlap in the Tulsa consumer banking market.
• BOK Financial (Bank of Oklahoma): Oklahoma-headquartered regional bank holding company providing full retail, commercial, and wealth services across multiple states. Broad incumbent competitor in the Tulsa deposit and lending market with far larger scale.

Regional players

• BancFirst: Oklahoma-headquartered community banking franchise operating across the state. Regional player competing for Tulsa-area deposits, mortgages, and consumer lending relationships.
• Vast Bank: Oklahoma-based community bank with digital banking capabilities and a Tulsa presence. Regional player competing in the same Tulsa retail deposit and small business market as First Oklahoma.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/FirstOKFCU
• Facebookfacebook.com/FirstOklahomaFCU
• LinkedInlinkedin.com/company/first-oklahoma-federal-credit-union

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Oklahoma Federal Credit Union